JPMorgan Raises WWE's Price Target, Bullish On 'Smackdown' Future
World Wrestling Entertainment, Inc. (NYSE: WWE) has been red hot in the past year on optimism about the company’s global TV content deals. Despite the stock’s 150-percent gain in the past year, one Wall Street analyst said it’s too early to get off the WWE train. WWE has a string of bullish near-term catalysts ahead, including TV deals in India, the U.K., the Middle East, Latin America and China. Karnovsky estimates WWE will begin generating $25 million per year in revenue from a third hour of weekly “SmackDown” content starting in 2020.